State Street Bank Plans to Introduce ETFs into U.S. Pension Plans

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PANews2024/05/25 01:34

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By:PANews

PANews reported on May 25 that State Street Bank plans to push for the inclusion of ETFs in the U.S. 401(k) retirement system. In an interview, State Street Bank's Chief Business Officer Anna Paglia stated that the bank is working closely with regulators, investors, and plan sponsors to overcome technical and regulatory hurdles to bring ETFs into 401(k) plans. She believes that ETFs can play an important role in pension investment portfolios, even though the current 401(k) system primarily relies on mutual funds.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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